Beacon entered into a forward gold sales at AU$2,729 per ounce

Beacon Minerals Limited (ASX: BCN) announced that it had entered into a 6,000-ounce forward gold contract to be provided in monthly installments from February 2023 to April 2023 with a forward average net price of AU$2,729 per ounce. The company stated that these contacts are a substantial rise on the sale price from the 31 December 2022 quarter average gold price of AU$2,634 and are a significant increase of the sale price from the six months ended 31 December 2022 average gold price of AU$2,579.

Beacon Minerals said that signing this new forward agreement has secured a share of the company’s monthly gold sales over the next three months at the higher gold price while still leaving a portion of the company’s gold to be sold at spot rates.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com